About your Search

20110701
20110731
Search Results 0 to 6 of about 7 (some duplicates have been removed)
. and that means that we still have a big hole to fill. gwen: who is in that big hole? and why is it that month after month, and after month, it never seems to get more shallow? >> let's go back a little ways. a few months ago, the economy seemed to be having a nice head of steam. we were seeing very strong job growth numbers of 200,000 per month. and suddenly everything seemed to hit a wall. we've had a run of bad luck. we had very bad snowstorms earlier this year, a series of natural disasters here. the big hit came from gasoline prices that shot up to around $4 for gasoline because of the libyan rebellion. and finally the japanese earthquake and tsunami turned out to be a much bigger negative for us than we may have appreciated. because it cut off the flow of vital parts. put all those things together and it cost a lot of momentum. may very poor job numbers and in june, very poor job numbers. it was kind of surprising because in fact over the last few weeks, we had a wave of optimism because some of those tempering negatives seemed to be going away. as gasoline prices dropped and japan got b
, but charle'' point is right. this is tiny, tiny little drops in a big ocean. it is not plan to solve the problem to go after corporate jets or even to go after the hedge fund guys, although i would sure like to. they have got to raise revenues, i hate to say it, on the middle class. everybody -- this is the point that gets lost in this -- everybody is in this boat. there is no way out, as every american does something. >> raise revenues on the shrinking middle class, mark. >> evan is right, because it is going to affect everybody. evan addressed the possibility of defaults. when that happens, the federal government of the united states, which borrows 40 cents of every dollar we spend every single day, is faced with the option, do you pay a sergeant in combat in kandahar, a grandmother in a 1-bedroom apartment, a social security check, or do you meet the obligations of the bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality that we are contending with -- what the president is proposing is increasing
Search Results 0 to 6 of about 7 (some duplicates have been removed)